06-02-2021, 07:33 AM
Planned or existing models in China range from the tiny Hong Guang Mini EV, which retails for $4,500 to the new high-end electric brand Zeekr, which is owned by China's biggest carmaker Geely.
Foreign manufacturers are also looking to build EVs for Chinese consumers.
Tesla is already delivering its Model Y to China from its Shanghai factory, while Ford has plans to manufacture the electric version of its Mustang there.
Partnering up
Other Chinese technology companies have also signalled their intention to make cars, or to partner with existing carmakers to produce new driving technologies. pg
Search engine giant Baidu announced in January it would also launch an electric car business.
China's e-commerce giant Alibaba has formed an EV joint venture with SAIC, while ride-hailing app Didi Chuxing has partnered with automaker BYD to make electric vehicles specifically designed for its services.
Data provider S&P Global Platts estimates that "new energy vehicles" will account for 20% of total new car sales in China by 2025.
Foreign manufacturers are also looking to build EVs for Chinese consumers.
Tesla is already delivering its Model Y to China from its Shanghai factory, while Ford has plans to manufacture the electric version of its Mustang there.
Partnering up
Other Chinese technology companies have also signalled their intention to make cars, or to partner with existing carmakers to produce new driving technologies. pg
Search engine giant Baidu announced in January it would also launch an electric car business.
China's e-commerce giant Alibaba has formed an EV joint venture with SAIC, while ride-hailing app Didi Chuxing has partnered with automaker BYD to make electric vehicles specifically designed for its services.
Data provider S&P Global Platts estimates that "new energy vehicles" will account for 20% of total new car sales in China by 2025.